Yes you may claim the adoption credit in 2019.
The 2019 maximum dollar amount per eligible child is $14,080. If your expenses were spread over multiple years, you might be able to spread the credit over multiple tax returns.
Included in the tax benefits is a nonrefundable tax credit. This is a dollar-for-dollar reduction in the amount of federal taxes owed (tax liability) for the year. You won't get a refund if the tax credit is more than your total tax owed for the year. However:
- Any credit in excess of your tax liability may be carried forward for up to five years.
- There's an exclusion from income for an approved employer-provided adoption assistance program.
To claim the adoption tax credit in TurboTax:
- Select search at the top right of your screen,
- Enter adoption credit and select the Jump to link.
- Continue answering questions until you're finished.
Regarding the adoption tax credit, keep in mind:
- If you've adopted the child of your spouse, you can't claim this credit.
- The credit usually isn't available if you are Married Filing Separately.
- Keep receipts for all qualified adoption expenses with your tax records.
For more information on the Adoption Credit see IRS Topic No. 607.
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